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in today's "closing bell" exchange, former chief economist of the vice president joe biden, oliver perch from gary goldberg and matt cheslock and rick santelli, thank you very much. jarred, you wrote an article called "cliff dive, what the heck happens next?" what does happen next? >> well, that's actually all up to john boehner, as i see it, because if we were to decide to bring the president's most recent small car compromise to the house i actually believe it would pass. the problem for him it would probably pass with mostly democrat vote, but i think it could get through the senate. that's the only scenario i see by which we avoid going over the cliff. >> wait a minute. >> at least temporarily. >> wait a minute, jared. john boehner said it's up to the president and harry reid so are both sides standing at the precipice waiting for each other to make the next move. >> not really. it really is all up to john boehner to decide whether he wants to bring this vote to the house floor. if he doesn't, i would put on either your cliff bungee cord or your cliff parachute and that's actually an
in today's "closing bell" exchange, former chief economist of the vice president joe biden, oliver perch from gary goldberg and matt cheslock and rick santelli, thank you very much. jarred, you wrote an article called "cliff dive, what the heck happens next?" what does happen next? >> well, that's actually all up to john boehner, as i see it, because if we were to decide to bring the president's most recent small car compromise to the house i actually believe it would...
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Dec 27, 2012
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lee munson and jared bernstein, cnbc contributor and former chief economist under vice president joe biden. we'll hopefully get andrew in a second, and we also have rick santelli who joins us as always at this time. gentlemen, fantastic to have you with us. lee, on this news it seems as if the market is getting its hopes up. personally i feel i will believe it when i see it. would you agree? >> yeah. you should wait until this is actually the ink is dried. here's one thing that's really changed in sentiment over the last week, mandy. last week everybody was talking about having this deal baked into the bryce price. now all of a sudden, as if some miracles happened, traders are actually talking about buying more puts and putting on more hedges. i can tell investors out there that it doesn't matter if december 31st we have a deal or if it goes a few weeks in january. all we need to know sunday night, monday morning is that they are working on a deal, and they are still at table. outside of that everything is just noise. >> jared, you know washington very, very well. we've been trying to read
lee munson and jared bernstein, cnbc contributor and former chief economist under vice president joe biden. we'll hopefully get andrew in a second, and we also have rick santelli who joins us as always at this time. gentlemen, fantastic to have you with us. lee, on this news it seems as if the market is getting its hopes up. personally i feel i will believe it when i see it. would you agree? >> yeah. you should wait until this is actually the ink is dried. here's one thing that's really...
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Dec 31, 2012
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at least closer to some kind of agreement as vice president biden and mitch mcconnell have been speaking for the last several hours, maybe 12, 24 hours or so. at least those two gentlemen seem to be moving the ball forward or the mark set anticipating that. what can we -- the president comes out and makes a positive comment, okay, that we either have a deal in principle. there are still a lot of variables to take into consideration. >> yes. >> the house is the wild card. >> house is the wild card in the whole thing. >> do you do anything to set yourself up for the other side? >> no. >> that's what people will be thinking as they watch this network. >> my strategy remains, stay with the quality companies. use the dips to buy them. don't try and hit bottoms but don't buy an expectation af nounsments. you know it is not a very, very broad agreement. i think the mark goes up. i don't think there is a big sell-off. but i think is rest. >> bk, are you looking at the same moving goal that i am? a move of a one and a third percent? and that's a spike. and i'm curious to know why this is happenin
at least closer to some kind of agreement as vice president biden and mitch mcconnell have been speaking for the last several hours, maybe 12, 24 hours or so. at least those two gentlemen seem to be moving the ball forward or the mark set anticipating that. what can we -- the president comes out and makes a positive comment, okay, that we either have a deal in principle. there are still a lot of variables to take into consideration. >> yes. >> the house is the wild card. >>...
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Dec 28, 2012
12/12
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i should also mention that joe biden, the vice president, will be in there. of course, he led some of the early talks and they were all about trying to avoid this problem a year or more ago. those got nowhere. the talks over the summer got nowhere and so far the talks that are going on now have gotten nowhere as well, michelle. >> eamon, the last two things that you talked about, the doc fix for medicare, you don't cut what you pay doctors for medicare. >> that's right. >> turning off the sequester, they're talking about spending more money. no talk anywhere in his plan about any kind of spending cuts. >> yeah. remember, i'm laying out sort of a potential plan that the president could offer. you're right about those two items. also take a look at what's not on there. what the president didn't mention on friday of last week is the debt ceiling. now we have treasury secretary tim geithner reminding the country and the world that the united states is going to start to run up against the debt ceiling now on monday so that might have to be part of this ultimate de
i should also mention that joe biden, the vice president, will be in there. of course, he led some of the early talks and they were all about trying to avoid this problem a year or more ago. those got nowhere. the talks over the summer got nowhere and so far the talks that are going on now have gotten nowhere as well, michelle. >> eamon, the last two things that you talked about, the doc fix for medicare, you don't cut what you pay doctors for medicare. >> that's right. >>...
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Dec 28, 2012
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i'm being told right now that secretary tim geithner has also joined the meeting and vice president biden is also there as well. we have a whole committee gathering at the white house. >> heavyweights. >> these are the most actively traded stocks at the new york stock exchange right now. stay with us. back in a minute. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much
i'm being told right now that secretary tim geithner has also joined the meeting and vice president biden is also there as well. we have a whole committee gathering at the white house. >> heavyweights. >> these are the most actively traded stocks at the new york stock exchange right now. stay with us. back in a minute. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when...
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Dec 31, 2012
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and joe biden as noted in the introduction, has been in the senate for three decades. he has a unique ability to work with mitch mcconnell, his longtime colleague to try to close this deal. that doesn't mean they can do it, but it's a sign that things are getting close to the end zone if those two were talking all night. the report i got early this morning at 6:00 a.m. is that their talks had been good, constructive and continued very late into the night. >> thank you, john, for that. john harwood in washington. lawmakers, as john say, continue talks this morning as we inch closer to the cliff itself. what role is the no-tax pledge playing in the negotiations. founder of americans for tax reform joins us this morning not too far from where john is sitting. grover, good morning. >> good morning. good to be with you. >> you've been quoted as saying that rates will not increase. that kind of flies in the face with what john just told us. what's true? >> well, two things. earlier, my point was that as long as these negotiations were conducted with c-span cameras there, and
and joe biden as noted in the introduction, has been in the senate for three decades. he has a unique ability to work with mitch mcconnell, his longtime colleague to try to close this deal. that doesn't mean they can do it, but it's a sign that things are getting close to the end zone if those two were talking all night. the report i got early this morning at 6:00 a.m. is that their talks had been good, constructive and continued very late into the night. >> thank you, john, for that....
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Dec 27, 2012
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meetings with vice president biden and cantor. cantor walked out of those meetings. he's the majority leader in the house. the gang of six, the gang of eight. we had this super committee, and they were doing good things, good things, dealing with entitlements and revenues, and a week before they would report by virtue of statute i get a letter signed by every republican too, bad about the super committee, we're not going to do anything with revenues, so this is not a capsule of a couple of days. this has been going on for years. they cannot cross over the threshold that has been built by grover for vist. people who are rich who make a lot of money, her not opposing raising taxes on them. the only people in america who don't think taxes should be raised on the rich are the republicans who work in this building. any time bhth speaker and the republican leader come to the president and say we've got a deal for you. the president's door is always own, and mine is, too. >> the senate is back in session today and a lot of looking backwards, not necessarily looking forwards
meetings with vice president biden and cantor. cantor walked out of those meetings. he's the majority leader in the house. the gang of six, the gang of eight. we had this super committee, and they were doing good things, good things, dealing with entitlements and revenues, and a week before they would report by virtue of statute i get a letter signed by every republican too, bad about the super committee, we're not going to do anything with revenues, so this is not a capsule of a couple of...
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vice president joe biden will see his pay jump from $225,000 to nearly $232,000 a year. house speaker john boehner will see his salary increase to more than $224,000. and senate majority leader harry reid will take home an annual pay of $194,000 after his raise. so those guys are getting a raise. and if you are counting on a tax refund in the next few weeks, the fiscal cliff could force you to wait just a little bit longer than usual. >>> checking our top stories. the nation is now 14 hours away from the fiscal cliff. sources tell us vice president joe biden and senate minority leader mitch mcconnell talked through the night and vow to keep these negotiations going on today. the gridlock in washington could also hold up your tax refund. you might have to wait until late march to file if congress does not approve a short-term fix for the alternative minimum tax in the next few days. same issue two years ago delayed the opening of tax season by four weeks to mid-february. >>> former president george h.w. bush is still in a houston hospital but no longer in intensive care.
vice president joe biden will see his pay jump from $225,000 to nearly $232,000 a year. house speaker john boehner will see his salary increase to more than $224,000. and senate majority leader harry reid will take home an annual pay of $194,000 after his raise. so those guys are getting a raise. and if you are counting on a tax refund in the next few weeks, the fiscal cliff could force you to wait just a little bit longer than usual. >>> checking our top stories. the nation is now 14...
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it's also a signal to their fellow democrat in the white house, namely vice president joe biden. that's just an example of how intricate, delicate and strange these negotiations are right now as we just get down to the wire. >> yeah. they are rather strange. do we think there's any movement on the president's part? you've been reporting the fact you've got the -- the number was originally 250,000, anybody making more than that would get a tax hike. now that's at potentially $450,000. there's some movement on the white house's part as well? >> reporter: it seems to be. as you said, we reported earlier today that democrats had put on the table, i believe, as early as saturday night the idea of moving that income threshold up to $450,000 a year. that is, we understand, still on the table. that's for households. jessica yellen at the white house is reporting that the number for individuals right now is $400,000, meaning tax cuts for everybody up to those levels, $400,000 for an individual, $450,000 for a household would stay in place. for everybody else, the tax rates would expire. t
it's also a signal to their fellow democrat in the white house, namely vice president joe biden. that's just an example of how intricate, delicate and strange these negotiations are right now as we just get down to the wire. >> yeah. they are rather strange. do we think there's any movement on the president's part? you've been reporting the fact you've got the -- the number was originally 250,000, anybody making more than that would get a tax hike. now that's at potentially $450,000....
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Jan 1, 2013
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vice president biden was extremely helpful. if they had done plan b, the chain cpi, if the republicans supported their speaker the gop would be in a better position and have something on the spending side, they didn't. hopefully some lessons have been learned and we have the beginnings of a governing cowigs we so desperately need. >> we'll see that play out today, john boehner's leadership will be in tight focus. >> it will be. >> thank you for being here. >> thanks for having me. >> sheila brought up a name we haven't talked about, vice president joe biden instrumental and the smile on his face as he was walking around capitol hill, he's like i am in the middle of this, i'm in both feet, happy man. >> because last week the sniping between harry reid and mitch mcconnell was pretty dramatic and many points downright unhelpful, and to somehow see joe biden go in there and i don't know what he did. look at that smile. i don't want fairy dust he's sprinkled all over the place but it helped. >> every minute he's spent in the senate
vice president biden was extremely helpful. if they had done plan b, the chain cpi, if the republicans supported their speaker the gop would be in a better position and have something on the spending side, they didn't. hopefully some lessons have been learned and we have the beginnings of a governing cowigs we so desperately need. >> we'll see that play out today, john boehner's leadership will be in tight focus. >> it will be. >> thank you for being here. >> thanks for...
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Dec 29, 2012
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be a novelist for a second and tell us what happened on friday when president obama, vice president biden, senators reid and mcconnell and representatives boehner and pelosi were in the white house. clearly we all know what's going on. what happened? how did that play out? how did that discussion go? did president obama say either you come up with a deal or put my deal to a vote? because we're not going to come together ideologically at that meeting. >> no. and they're not unrealistic about that. the president lays out what he thinks he can get done, which is this 250 and, you know, whether there's wiggle room up to 400 and now that might not even happen, maybe, is what kevin is saying. and then unemployment benefits, an extension of that, and, you know, patch the amt. these are things he wants. and, you know, senator mcconnell, what can you do is, you know, the understanding of how this plays out. and senator mcconnell -- you know, they say, listen, we're going to take it up between us. let senators reid and mcconnell really resolve this together. and those are, as i said, two men who kn
be a novelist for a second and tell us what happened on friday when president obama, vice president biden, senators reid and mcconnell and representatives boehner and pelosi were in the white house. clearly we all know what's going on. what happened? how did that play out? how did that discussion go? did president obama say either you come up with a deal or put my deal to a vote? because we're not going to come together ideologically at that meeting. >> no. and they're not unrealistic...
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Jan 1, 2013
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vice president biden just said that yesterday. but i want to get your feel for what you think is going to happen. we had a pretty significant 89-8 vote in the senate. dana bash who knows a lot about what's going on in the hallways said she has no idea how this vote could shake down. do you have a sense of how many of your members may vote to support a deal or how many friends may vote to support a deal? >> i don't know. my guess is there will be strong support in the democratic caucus. i don't know what the conference will do. i think essentially the speaker said let the senate do it. now it's back. so i don't really know. but i do think the bill will come up today. the notion there will be amendment, i just don't think that's feasible. i think everybody should plan that after due deliberation the republicans that we're likely to have a vote today. the markets aren't open today. they will be tomorrow. i don't think we should go over the cliff for 24 hours. >> dangling is no fun. thank you for being with us. i sure hope you're hard
vice president biden just said that yesterday. but i want to get your feel for what you think is going to happen. we had a pretty significant 89-8 vote in the senate. dana bash who knows a lot about what's going on in the hallways said she has no idea how this vote could shake down. do you have a sense of how many of your members may vote to support a deal or how many friends may vote to support a deal? >> i don't know. my guess is there will be strong support in the democratic caucus. i...
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vice president biden has done these deals now three times. and he goes up there and is sometimes the punching bag and listens to what democrats have to complain about, takes it all on board, explains to them. one person in the room i thk tweeted out and described it as a bit of a filibuster by the vice president. but he is done now and back and the white house is confident. i wouldn't say overly confident, but they feel good that they will get the democrats they need to support this, deb. >> and it is interesting because there were some senate democrats who did vote against it. is there any particular part of the plan that he's really trying hard to push amongst the democrats? >> reporter: well, it depends. there is -- progressive democrats are upset about the fact that the income tax threshold, people who will be paying a higher income tax was set at $450,000, not $250,000. their argument is -- democrats had republicans over the barrel. why did they give inon this point? the other thing that is very upsetting to sympat ing tting t why did th
vice president biden has done these deals now three times. and he goes up there and is sometimes the punching bag and listens to what democrats have to complain about, takes it all on board, explains to them. one person in the room i thk tweeted out and described it as a bit of a filibuster by the vice president. but he is done now and back and the white house is confident. i wouldn't say overly confident, but they feel good that they will get the democrats they need to support this, deb....
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. >> i applaud president obama and his -- and vice president biden. we offer our expertise. we will work with the congress. i have some experience here. i am the guy that negotiated the child safety lock arrangement with bill clinton. there are things we can do and do now rather than debate endlessly over the things that divide us instead of moving forward on the many things that we're already in agreement on. >> you were -- when you worked for the nra, you were its political director. >> regional political director. >> regardless, you knew a lot about its clout in politics. do you in all candor think that the nra has the kind of clout it did back in the '90s when were you involved in those really high-proo file debates, for like safety locks, assault bans and so on. >> when i did the chaft safety lo locks, i was representing the nra. it's not about clout. what the nra does so well is organize and motivate their people to get out in elections. arguing against what they do, you are arguing against democracy. we're in this fight together, instead of dwighting america, let's co
. >> i applaud president obama and his -- and vice president biden. we offer our expertise. we will work with the congress. i have some experience here. i am the guy that negotiated the child safety lock arrangement with bill clinton. there are things we can do and do now rather than debate endlessly over the things that divide us instead of moving forward on the many things that we're already in agreement on. >> you were -- when you worked for the nra, you were its political...
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and this was in fact something that joe biden found a way to get the art of the possible. send something to the senate that the house could consider. now it's in the house. what we find missing from it sl any kind of reasonable spending reduction, something that the house has dealt with in committee. we've bubbled it up. we have a lot of figures. quite frankly, the lack of sequestration, the idea that in two months, in addition to this, we'll be dealing with the cliff in defense and sequestration and the cliff in the sense that we don't raise the debt limit, i think they could easily be dealt with today. i'm with eric cantor. this bill in its present form is not good enough and the american people are smart enough to know that what you don't pay today and owe tomorrow, you'll have to pay tomorrow. >> we've got to go, congressman. you still have confidence in the speak a speaker? >> i have confidence in the speaker. he's making the process open but of course that includes people like myself and leader cantor who say we have to be open to change. >> darrell issa, thank you v
and this was in fact something that joe biden found a way to get the art of the possible. send something to the senate that the house could consider. now it's in the house. what we find missing from it sl any kind of reasonable spending reduction, something that the house has dealt with in committee. we've bubbled it up. we have a lot of figures. quite frankly, the lack of sequestration, the idea that in two months, in addition to this, we'll be dealing with the cliff in defense and...
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Dec 26, 2012
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know, don, first lady, michelle obama, has been really active with military families along with jill biden. so that was something also that was really important to her. >> brianna keilar in honeymoon lulu, thank you, brianna. >>> a brand-new gallup poll shows half the country still thinks a fiscal cliff compromise is likely, down nine points from earlier this month. ♪ [ woman ] ♪ what i want this season ♪ if you'd like to try and guess ♪ ♪ it is something very special ♪ i would readily confess [ dogs barking ] ♪ 'cause all i want this season ♪ ♪ is something from your heart ♪ la da da, la da da [ male announcer ] thinking of others this holiday season, travelers. >>> some gun owners in the new york city area say they are being unfairly targeted and they're blaming a local newspaper. here's why. "the journal news" published an interactive map on its website showing the names and addresses of all handgun permit owners in westchester and rockland counties. you can see them here represented by red dots. the response has been overwhelmingly angry. and some residents who don'
know, don, first lady, michelle obama, has been really active with military families along with jill biden. so that was something also that was really important to her. >> brianna keilar in honeymoon lulu, thank you, brianna. >>> a brand-new gallup poll shows half the country still thinks a fiscal cliff compromise is likely, down nine points from earlier this month. ♪ [ woman ] ♪ what i want this season ♪ if you'd like to try and guess ♪ ♪ it is something very special...
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. >> one story is that much mcconnell had gone to speak with vice president biden. what can you tell us? guest: the republican leader calls joe biden off the bench. it is what we had been waiting for. the senate republican leader and the vice-president have a good working relationship. we saw that in the debt ceiling debate. they swooped in at the and down the made the deal happen. -- at the end and made it happen. it was an interesting move by mitch mcconnell to call joe biden today and try to jump- start these negotiations when they locked up with the majority leader on the democratic side. i think that will be something to watch here in the coming hours. how will it play? there are many concern that maybe you will cut a bad deal. will joe biden come in to embolden the republicans or will the democrats altogether across pennsylvania avenue? a big story line we are all watching now very closely. >> we hear senator reed wants to bring them back at 11. is it likely they will have some kind of deal or counteroffer in hand when the gavel back in? guest: i wish i could
. >> one story is that much mcconnell had gone to speak with vice president biden. what can you tell us? guest: the republican leader calls joe biden off the bench. it is what we had been waiting for. the senate republican leader and the vice-president have a good working relationship. we saw that in the debt ceiling debate. they swooped in at the and down the made the deal happen. -- at the end and made it happen. it was an interesting move by mitch mcconnell to call joe biden today and...
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biden made his way with the senate majority leader. there he is, making his way to a caucus meeting, where vice- president biden tried to sell the steel to his members, and he was able to get a majority of democrats to vote for this deal, all but three. the ap at this photo of the vice-president after that caucus meeting with all the rank-and- file. he came out and game -- and gave a thumbs-up after he was able to talk to the rank and file. there he is. even though the house was on a session, the washington times reports that the country technical felt that this will cut. there is still little bit of time. -- allen in fairfield, illinois, republican caller. all of let's get rid of congress, fire them, vote them out of office. host: why is that? caller: they are not doing them -- doing what we want them to. host: which is what? caller: to the deficit down, and do what we put them in there to do. host: how should that be done, alan? caller: i'm not sure about that. host: social security, medicare, medicaid? caller: they should be on the
biden made his way with the senate majority leader. there he is, making his way to a caucus meeting, where vice- president biden tried to sell the steel to his members, and he was able to get a majority of democrats to vote for this deal, all but three. the ap at this photo of the vice-president after that caucus meeting with all the rank-and- file. he came out and game -- and gave a thumbs-up after he was able to talk to the rank and file. there he is. even though the house was on a session,...
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joe biden is meeting with house democrats. the vast majority of them seem ready to support the measure making its way through the house. with the new congress coming in on thursday, if the measure is not passed within that time, it will have to be completely reintroduced in the new congress. republicans are said to me in about five minutes to continue a discussion about whether or not to support the measure that was sent to them by the senate in the early morning hours. some tweaks coming from reporters in the halls of the capital. the political wire says democratic leaders say they will not take up a bill if it is amended by house republicans. "we are done. " a retweet from joe biden says "i think we are going to be fine." a number of different views and issues depending on which party is talking about the fiscal clef. we are going to, of course, keep you updated on the c-span network. in the meantime, take a look back at what senator dick durbin had to say earlier today from the senate floor. >> it was after 2:00 a.m. this m
joe biden is meeting with house democrats. the vast majority of them seem ready to support the measure making its way through the house. with the new congress coming in on thursday, if the measure is not passed within that time, it will have to be completely reintroduced in the new congress. republicans are said to me in about five minutes to continue a discussion about whether or not to support the measure that was sent to them by the senate in the early morning hours. some tweaks coming from...
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mitch mcconnell and joe biden in talks. we will move to the jump page on some of the sticking points in this. democrats oppose it to let the tax cuts expire on incomes over $450,000 a year. host: that from inside "the washington post." ed is on the phone from michigan. good morning to you. caller: good morning, c-span. i have listened to some of what the democrats have said. the way i look at it -- if the rich, if they are worried about 3% raise, one of the middle class and the poor or about the same raise? is it your patriotic duty to pay taxes? if the poor are concerned about their money going down, a lot of energy regulations are coming into effect that will cost electric costs to co-op which will affect the poor just as badly as it is the rich? host: mark from ohio, good morning. caller: all the power was taken from the epa and given to the nra. there is no fiscal cliff. there was another so-called fiscal cliff in 2008. give money to the billionaires and banks. when eisenhower took office, he gutted the military. taxes
mitch mcconnell and joe biden in talks. we will move to the jump page on some of the sticking points in this. democrats oppose it to let the tax cuts expire on incomes over $450,000 a year. host: that from inside "the washington post." ed is on the phone from michigan. good morning to you. caller: good morning, c-span. i have listened to some of what the democrats have said. the way i look at it -- if the rich, if they are worried about 3% raise, one of the middle class and the poor...
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joe biden is meeting with house democrats. we are waiting for house democrats to come to the microphone here on capitol hill. in the meantime, we will go back to all of you. marissa in roseville, calif., democratic caller, go ahead. caller: thank you. i do agree with so many of the callers, be they democrat or republican. the bottom-line issue on his particular bill has to do with compromise. i am a senior. do i want my social security to be decreased? absolutely not, but i'm willing to give up a little bit because we all have to give up a little bit as americans. and i'm not happy with the fact that it is $250,000 or more. those who are making $250,000, that is a lot of money. they are kind of rich. but ok, i'm willing to go to $400,000 because it is about compromise. and we have to remind people that we did not get into this fix in the last two years, for years. we got into this fix in the last 30 years. we have two wars that were unpaid for. in order to pay for things, we need to increase revenue. the wars were there. they
joe biden is meeting with house democrats. we are waiting for house democrats to come to the microphone here on capitol hill. in the meantime, we will go back to all of you. marissa in roseville, calif., democratic caller, go ahead. caller: thank you. i do agree with so many of the callers, be they democrat or republican. the bottom-line issue on his particular bill has to do with compromise. i am a senior. do i want my social security to be decreased? absolutely not, but i'm willing to give up...
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senator mitch mcconnell said that he reached out to joe biden and called joe biden to help him broker something. behind closed doors, the respective caucuses on both sides, taking stock. >> let's say that there was some sort of legislation taken up by the house, what is the timetable for getting this work done? >> there is always the difficulty of the time table. the house as a rule that requires legislation to be posted for three days before there is a chance to read it. that said there is a deal where there can be a much quicker movement. i know this sounds difficult for americans to think that there is still time, but there is still time. the tax rates do not expire until tomorrow at the end of the day. even if they do not do something tonight, there is still time tomorrow. even if you can get the machinery running to get those votes on the floor, it still takes the fire. >> normally the house and senate end on a monday through friday, of what is it like to come in on a weekend and covers something like this? how difficult is this to follow? >> it is the holiday season, there are d
senator mitch mcconnell said that he reached out to joe biden and called joe biden to help him broker something. behind closed doors, the respective caucuses on both sides, taking stock. >> let's say that there was some sort of legislation taken up by the house, what is the timetable for getting this work done? >> there is always the difficulty of the time table. the house as a rule that requires legislation to be posted for three days before there is a chance to read it. that said...
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when there is a crisis, vice president biden calls. his calls seem to have less influence as time has gone on. host: let's go to lincoln on the republican line. caller: i get in contact with many people are around the world. i have a few friends in egypt and kuwait. i am more worried about my friend in kuwait. is there a possibility iraq might reinvade kuwait anytime soon? guest: no. host: what are the current relationships? guest: understand the question because there are still issues. military lacks the capacity to do anything like that. iraq has no air force. that is one reason is so easy for the iranians to fly through their territory. there was an operation in 2008 in basrah that maliki commanded. the united states military had not provided a lot of support and advisers, he probably would have failed. i do not think maliki has any reason to focus on kuwait. his big concern is syria. he is worried the fall of assad will embolden sunnis and kurds in syrian and iraq and that the correlation of forces will turn against him. that is hi
when there is a crisis, vice president biden calls. his calls seem to have less influence as time has gone on. host: let's go to lincoln on the republican line. caller: i get in contact with many people are around the world. i have a few friends in egypt and kuwait. i am more worried about my friend in kuwait. is there a possibility iraq might reinvade kuwait anytime soon? guest: no. host: what are the current relationships? guest: understand the question because there are still issues....
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the republican leader calls joe biden off the bench. this is kind of what we all have been waiting for. the senate republican leader and the vice-president have a good working relationship. we saw it last summer in the debt ceiling debate. those two guys swooped in at the end and made a deal happen. when i talked to mcconnell's folks last week he said, you know, the vice president has been on the sidelines. we have not been contacted by them, by the president. it was an interesting move by mitch mcconnell to call joe biden today and try to jump- start these negotiations when they locked up with the majority leader of the democratic side. i think that will be something to watch here in these coming hours -- how does he play? there are democrats who are concerned that maybe they will cut a bad deal. they are feeling pretty good. well joe biden, in and emboldened the republicans or will be dems and together across pennsylvania avenue from the white house to congress? a big story line we are watching right now very closely. >> now that we h
the republican leader calls joe biden off the bench. this is kind of what we all have been waiting for. the senate republican leader and the vice-president have a good working relationship. we saw it last summer in the debt ceiling debate. those two guys swooped in at the end and made a deal happen. when i talked to mcconnell's folks last week he said, you know, the vice president has been on the sidelines. we have not been contacted by them, by the president. it was an interesting move by...
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we had meetings with the vice president, biden and cantor. cantor walked out of those meetings. he is the majority leader in the house. we had the gang of six, the gang of eight. we had this super committee, and they were doing good things, good things, dealing with entitlements and revenues. and a week before they were to report, buy virtue of statute, i get a letter signed by virtually every republican, too bad about the super committee, we're not going to do anything with revenues. so this is not a capsule of a couple of days. this has been going on for years. they cannot cross over the threshold that has been built by grover norquist. people who are rich, who make a lot of money, they are not opposing raising the taxes on them. the only people in america who don't think taxes should be raised on the rich are the republicans who work in this building. so any time the speaker and the republican leader come to the president and say we have got a deal for you, the president's door is always open, and mine is, too. mr. mcconnell: mr. president? the presiding officer: the republic
we had meetings with the vice president, biden and cantor. cantor walked out of those meetings. he is the majority leader in the house. we had the gang of six, the gang of eight. we had this super committee, and they were doing good things, good things, dealing with entitlements and revenues. and a week before they were to report, buy virtue of statute, i get a letter signed by virtually every republican, too bad about the super committee, we're not going to do anything with revenues. so this...
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>> mitch mcconnell has been in negotiations with vice president joe biden. we know they spoke at least twice over night. the last conversation we are aware of was about 6:45 this morning. we don't know the status of those talks. we don't know whether they are its senate offers back or fourth. leaders of both parties have said little this morning. senate majority agree -- leader harry reid came to the floor and did not have much of an update. if there is is going to be a deal today, it will be between mr. mcconnell and mr. biden. there is little in the way of ongoing conversation between mr. reed and mr. mcca mcconnell. >> what about the mechanics of any deal if there is an agreement at least in the senate -- how quickly can come to the floor and how likely is it we can see action on the house floor later today or tonight or tomorrow? >> it becomes tricky. we know what the allies of any deal would be. they have been bandied around for about two years. translating the outline of the deal in legislative language is difficult and the staff would have to work in
>> mitch mcconnell has been in negotiations with vice president joe biden. we know they spoke at least twice over night. the last conversation we are aware of was about 6:45 this morning. we don't know the status of those talks. we don't know whether they are its senate offers back or fourth. leaders of both parties have said little this morning. senate majority agree -- leader harry reid came to the floor and did not have much of an update. if there is is going to be a deal today, it...
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senator daniel in a the swearing-in took place yesterday with joe biden. brian schatz becomes the senior senator with the new congress being formed on january the third. on the independent line -- jack on the independent line. caller: good morning. i bet a co-worker that we are going over the fiscal cliff. it is more of a slope than a cliff. it would be a year of complete in activity before we would see the real bite of everything, all of the doom that is being forecasted. i am reminded of erskine bowles and alan simpson. about three weeks ago or four weeks ago, they met with the president and members of congress and discuss their feelings afterwards with the press. erskine bowles said he felt there was a third of a chance that there would be a deal and a third of a chance no deal and a third there would be no deal until after we went past the january 1 deadline. i bet my co-worker the $5 that we were going over because i am thinking if you cannot get a deal for to the house on $1 million and above, to the tax policy center released a report about that abo
senator daniel in a the swearing-in took place yesterday with joe biden. brian schatz becomes the senior senator with the new congress being formed on january the third. on the independent line -- jack on the independent line. caller: good morning. i bet a co-worker that we are going over the fiscal cliff. it is more of a slope than a cliff. it would be a year of complete in activity before we would see the real bite of everything, all of the doom that is being forecasted. i am reminded of...
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the second term be spending more time out raising money for other democrats or maybe vice president biden if he decides to run rather than being in the white house doing the work that he was elected to do? caller: i believe if a president -- if president obama is out there campaigning, he's doing it for the american people, simple as that. guest: the caller hit some important point. campaigning is very much a means to an end. presidents don't capability -- campaign cause they don't do their job. they believe it will help them do their job more effective. and campaigning, a president with a second term can get closer to that more perfect union. they're in a stronger position to intact his priorities. so it's certainly the case that campaigning is part of the process. and if hamilton were here today, who knows what he would say but perhaps he could echo the sentments that he would keep the presidents in closer touch with the people. one thing is spending too much time in a white house or being out of touch with the people so when presidents are taking their case to the people, you could arg
the second term be spending more time out raising money for other democrats or maybe vice president biden if he decides to run rather than being in the white house doing the work that he was elected to do? caller: i believe if a president -- if president obama is out there campaigning, he's doing it for the american people, simple as that. guest: the caller hit some important point. campaigning is very much a means to an end. presidents don't capability -- campaign cause they don't do their...
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he had the able efforts of his vice president, joe biden, as well, to help in this effort. last night vice president biden came back to his home, the united states national, where he served for 36 years, and spoke to the senate democrats about the importance of this vote. it was almost an hour and a half on new year's eve, somewhat surreal, as we gathered some away from their spouses for the first time in decades, for this important vote and for an hour and a half we spoke and asked questions of the vice president and expressed our feelings. and you could sense during the course of thew meeting an emerging consensus among the democratic senators. in the end, there were all but three of the democratic senators who voted in favor of this measure. there are parts of it that many of us disagree with, even today, but we understand that is the nature of compromise, that part of what you have to accept may not be popular with you, but you have to be willing to compromise to solve problems. when we look at the issues that were before us, i think we made some significant progress. t
he had the able efforts of his vice president, joe biden, as well, to help in this effort. last night vice president biden came back to his home, the united states national, where he served for 36 years, and spoke to the senate democrats about the importance of this vote. it was almost an hour and a half on new year's eve, somewhat surreal, as we gathered some away from their spouses for the first time in decades, for this important vote and for an hour and a half we spoke and asked questions...
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i particularly want to thank leader mcconnell and vice president biden for working numerous hours starting again yesterday morning at 6:45 and winding up with something late last night, more than 12 hours later, over the last two issues, as i understand it. and, yes, i'm glad that a.m.t. was fixed. i would remind everybody that a.m.t. is the last effort that we had to tax the rich and it's backfired to where it now taxes everybody, or almost everybody. and so it desperately needed -- needed a fix. now we're talking about taxing the rich again. i hope that we can come up with some collective ways that will be certain that the people are rich and that it will last over time instead of just for a few short years. in my area of the world, the biggest thing in that bill was the estate taxes. people in own land in wyoming that they bought maybe at $40 an acre now have land that's worth $2,000 an acre or more, and they haven't figured out how to pay the taxes on these few acres that they were able to scrape together over a period of time if the amount of exemption went down to a million dollars.
i particularly want to thank leader mcconnell and vice president biden for working numerous hours starting again yesterday morning at 6:45 and winding up with something late last night, more than 12 hours later, over the last two issues, as i understand it. and, yes, i'm glad that a.m.t. was fixed. i would remind everybody that a.m.t. is the last effort that we had to tax the rich and it's backfired to where it now taxes everybody, or almost everybody. and so it desperately needed -- needed a...
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they found they need each other i believe it was biden and this would not surprise any of you that was leaking to eric cantor that speaker boehner was pursuing separate talks with obama during the so-called -- in which eric cantor was a part. this may cantor livid and he walked out of those talks because of the dynamics going on with boehner. does this sound childish to you? >> the question i'm going to ask is that eric cantor walked past john boehner leaving out an open window -- window he would not hesitate to push him with a? >> for one 11 thing boehner is an even tempered so is boehner. unless the moment is absolutely right you tend not to be able to get ahead by declaring. >> the there is a -- between cancer and boehner. >> working more or less in the middle is the majority whip kevin mccarthy. mccarthy has, he has only been in for three terms and so in a lot of ways he is a freshman himself and he recruited a number of the freshman and became an away sort of the big brother to them. it was a very clever move on mccarthy's part because the freshman many times they have behaved and
they found they need each other i believe it was biden and this would not surprise any of you that was leaking to eric cantor that speaker boehner was pursuing separate talks with obama during the so-called -- in which eric cantor was a part. this may cantor livid and he walked out of those talks because of the dynamics going on with boehner. does this sound childish to you? >> the question i'm going to ask is that eric cantor walked past john boehner leaving out an open window -- window...
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we had meetings with the vicead president, biden and cantor. cantor walked out of those meetings. he's the majority leader in the house. we had the gang of six, the gang of eight.we h we had this supercommittee, and they were doing good things, good things, dealing with spite elements and revenues -- entitlements and revenues.ents and a week before they were to report by virtue of statute, i get a letter signed by virtually every republican, too bad about the supercommittee, we're not going to do anything with revenues. so this is not a p n capsule ofa couch l of days. -- capsule of a couple of days. this has been going on for years. they cannot cross over theer threshold that has been built by grover norquist. people who are rich, who make a lot of money, they're not opposing the raising of taxes on them. i the only people in america who don't think taxes should be raised on the rich are the republicans who work in this building. so anytime the speaker and thee republican leader come to the president and say we've got a deal for you, the president's door's always open, and mine i
we had meetings with the vicead president, biden and cantor. cantor walked out of those meetings. he's the majority leader in the house. we had the gang of six, the gang of eight.we h we had this supercommittee, and they were doing good things, good things, dealing with spite elements and revenues -- entitlements and revenues.ents and a week before they were to report by virtue of statute, i get a letter signed by virtually every republican, too bad about the supercommittee, we're not going to...
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they're very close in a sort of need each other as information sources and they believed it was biden who is leaking to eric cantor is speaker boehner was pursuing separate talks with obama during the so-called talks of which eric cantor was livid and ultimately what data this talks almost certainly because the dynamics going on with honor. that is the excuse he gave was that democrats will low. this is how childish you? >> guest: the question i'm going to ask is if eric cantor what passed john boehner, he wouldn't hesitate to push them, would you? >> guest: is it even-tempered sort. unless the moment is absolutely right, you tend not to get ahead of declaring a mutiny. >> host: said there senescence? >> interestingly, working more in the middle is the majority whip, kevin mccarthy. the carthy has been in for three terms and so in a lot of ways he's practically a freshman himself and recruited a number of the freshman, became an away the big brother to them, was a clever move on mccarthy's part because the freshman from a block 87 have been the straw that has stirred the drink of the
they're very close in a sort of need each other as information sources and they believed it was biden who is leaking to eric cantor is speaker boehner was pursuing separate talks with obama during the so-called talks of which eric cantor was livid and ultimately what data this talks almost certainly because the dynamics going on with honor. that is the excuse he gave was that democrats will low. this is how childish you? >> guest: the question i'm going to ask is if eric cantor what...
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we had meetings with the vice president, biden and cantor. cantor walked out of those meetings. he is the majority leader in the house. we had the gang of six, the gang of eight. we had this super committee, and they were doing good things, good things, dealing with entitlements and revenues. and a week before they were to report, buy virtue of statute, i get a letter signed by virtually every republican, too bad about the super committee, we're not going to do anything with revenues. so this is not a capsule of a couple of days. this has been going on for years. they cannot cross over the threshold that has been built by grover norquist. people who are rich, who make a lot of money, they are not opposing raising the taxes on them. the only people in america who don't think taxes should be raised on the rich are the republicans who work in this building. so any time the speaker and the republican leader come to the president and say we have got a deal for you, the president's door is always open, and mine is, too. mr. mcconnell: mr. president? the presiding officer: the republic
we had meetings with the vice president, biden and cantor. cantor walked out of those meetings. he is the majority leader in the house. we had the gang of six, the gang of eight. we had this super committee, and they were doing good things, good things, dealing with entitlements and revenues. and a week before they were to report, buy virtue of statute, i get a letter signed by virtually every republican, too bad about the super committee, we're not going to do anything with revenues. so this...
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and that is what vice president joe biden is trying to sell the liberals on right now. saying that this is not the threshold that he wanted. but it's something that least gives tax cuts to many americans were making much less than $250,000 per year. and if you don't do that, the taxes are going to go. gerri: all right, we are going to take a break right now. but we will break into programming the minute that anybody goes to the senate if we hear from the vice president. rich edson is covering all this for us on capitol hill. the fox business team is in place here on sixth avenue. two hours left from the fiscal cliff. the revelers are ready to party, and we are here for you all night. back to the programming totion e that injunction against the contraceptive mandate? >> it is a surprisingri, pringlehey lt be >> a christian-based company, and they think that that is part of their credo, and 10mandment l commandments, the golden rule. the living hearing purchase pilt will kill babies. we are not going to do it. but the circuit court, the appeals court said we are going to
and that is what vice president joe biden is trying to sell the liberals on right now. saying that this is not the threshold that he wanted. but it's something that least gives tax cuts to many americans were making much less than $250,000 per year. and if you don't do that, the taxes are going to go. gerri: all right, we are going to take a break right now. but we will break into programming the minute that anybody goes to the senate if we hear from the vice president. rich edson is covering...
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president obama and vice president joe biden. they are getting a pay raise. you heard me correctly. they just got a raise by executive order. the president is ending the pay freeze on federal workers, which includes congressional members. it was put in place three years ago. i don't know about you, listening to the folks that pushed us to the brink of the fiscal cliff. a little hard to take him at his neck? that's my "two cents more". that's it for tonight "willis report." thank you for joining us. don't forget to tape the show. if you can't testify. have a great night moments ago, president obama saying he still has hope. >> i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such anagreement as we speak. >> and as we speak, rich edson is live in washington with the very latest. >> well, it's up to the senate. staffers and a majority leader harry reid, minority leader mitch mcconnell are trying to negotiate a scaled-down debt deal to avoid some of the fiscal cliff and take other major decisions on t
president obama and vice president joe biden. they are getting a pay raise. you heard me correctly. they just got a raise by executive order. the president is ending the pay freeze on federal workers, which includes congressional members. it was put in place three years ago. i don't know about you, listening to the folks that pushed us to the brink of the fiscal cliff. a little hard to take him at his neck? that's my "two cents more". that's it for tonight "willis report."...
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he said he was going to call joe biden. that was about 24 hours ago. liz: right now the markets are very close to session highs with the belief that something is going to happen. we take it right now to the rotunda where rich edson has been all day long sinking his nails into lawmakers. tell us to you have, what you're talking about, what you were hearing. >> this is the framework of the deal they're discussing right now. as just detailed, the automatic spending cuts, that is the outstanding issue. this is what they locked up. end, rates of $400,000 per year, 450,000 tamales and from tax increases. as for capital gains and dividends, they stay the same. the alternative minimum tax, the state tax rose to 40 percent with a $5 million exemption. another one-year extension of long-term unemployment benefits. right now the issue is those spending cuts, the automatic spending cuts, the $94 billion known as the sequestered. but that we bring in a republican congressman from new jersey. thank you for joining us. the framework adjusted tailed, do you think it's
he said he was going to call joe biden. that was about 24 hours ago. liz: right now the markets are very close to session highs with the belief that something is going to happen. we take it right now to the rotunda where rich edson has been all day long sinking his nails into lawmakers. tell us to you have, what you're talking about, what you were hearing. >> this is the framework of the deal they're discussing right now. as just detailed, the automatic spending cuts, that is the...
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there was a report that maybe these talks between mitch mcconnell and vice-president biden were making some progress. on that, up went the futures market to show a gain of 80 points for the dow. we're back to showing a gain of 50 or 70 points. watch for head lines, for leaks, for any sound bites that might appear on any news program anywhere and you will have some kind of market reaction. as we countdown to the end of this fiscal cliff, i'm going to call it a debacle because that's exactly what it is. even if we get a very, very narrow deal, whoop-de-doo, we have a debt ceiling problem and amt taxes, government spending, all of those problems outstanding, nothing done. the dow jones industrial average is not done up for the opening bell, it's down, we're 42 points, 48 points going down as of right now. 50 points lower. what did you give, what did you get for christmas this year? chances are, a computer tablet maybe? according to the latest data from cnet, there were 17.4 million tablet activations on christmas day alone, more than double than last year. look at the two leading tablet m
there was a report that maybe these talks between mitch mcconnell and vice-president biden were making some progress. on that, up went the futures market to show a gain of 80 points for the dow. we're back to showing a gain of 50 or 70 points. watch for head lines, for leaks, for any sound bites that might appear on any news program anywhere and you will have some kind of market reaction. as we countdown to the end of this fiscal cliff, i'm going to call it a debacle because that's exactly what...
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for biden is coming. so, we're following every minute. the light is still on in congress and we're still here at "special report." the panel is coming up. ♪ i wish my patients could see what i see. ♪ that over time, having high cholesterol and any of these risk factors can put them at increased risk for plaque buildup inheir arteries. so it's even more important to lower their cholesterol, and that's why, when diet and exercise alonaren't enough, i prescribe crestor. in a clinical trial versus lipitor, crestor got more high-risk patients' bad cholesterol to a goal of under 100. [ female announcer ] crestor is not right for everyone. like people with liver disease or women who are nursing, pregnant or may become pregnant. tell your doctor about other medicines yore taking. ll your doctoright away if you have muscle pain or weakness, feel unusually tired, have loss of appetite, upper belly pain, dark urine or yellowing of skin or eyes. these could be signs of rare but serious side effects. ♪ is your cholesterol at goal? talk to youdoc
for biden is coming. so, we're following every minute. the light is still on in congress and we're still here at "special report." the panel is coming up. ♪ i wish my patients could see what i see. ♪ that over time, having high cholesterol and any of these risk factors can put them at increased risk for plaque buildup inheir arteries. so it's even more important to lower their cholesterol, and that's why, when diet and exercise alonaren't enough, i prescribe crestor. in a clinical...
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last word we got came from vice president joe biden. just minutes ago. here is the vice president. >> i feel very good about how is vote is going to go. having been in the senate, there are two things you shouldn't do. you shouldn't predict how the senate is going vote before they vote. you won't make a lot of money. two, you shouldn't predict how the house is going to vote. >> house will not vote on this fiscal cliff bill until tomorrow. we've heard from the house leadership that this bill will not be voted on there until voted n in the senate. not until house leadership has had time to review the bill. tax on high income earners, it will produce $620 billion in revenue. unemployment eninsurance, $30 billion from one year, not going to be paid for with other costs. there are no spending cuts in this bill that. is going to happen -- have to be taken up at a later date. so big question mark whether or not the house, republican led house is going to go for that. back to you. >> a vote at 3:00 or 4:00 in the morning >> correct. in the morning. >> yes. >> i'
last word we got came from vice president joe biden. just minutes ago. here is the vice president. >> i feel very good about how is vote is going to go. having been in the senate, there are two things you shouldn't do. you shouldn't predict how the senate is going vote before they vote. you won't make a lot of money. two, you shouldn't predict how the house is going to vote. >> house will not vote on this fiscal cliff bill until tomorrow. we've heard from the house leadership that...
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never received a response to a republican offer last night and is reaching out to vice president joe biden to kickstart negotiations with the white house at this point. the senator saying fail to go solved the crisis is simply not an option. >> the consequences of this are too high for american people to be engaged in a political messaging campaign. there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the courage to close the deal. i want everyone to know i'm willing to get this done. but i need a dance partner. >> a dance partner. meanwhile democrats being led by senate majority leader harry reid who says he's cautiously optimistic about reaching a deal but warns there's not much more negotiating that can be done on his end. >> i don't have a counter offer to make. perhaps the day wears on, i will ble to. i will say that i think that the republican leader has shown good faith. it's just we're apart on pretty big issues. >> that was earlier. let's get the latest now because it's changing minute-by-minute.
never received a response to a republican offer last night and is reaching out to vice president joe biden to kickstart negotiations with the white house at this point. the senator saying fail to go solved the crisis is simply not an option. >> the consequences of this are too high for american people to be engaged in a political messaging campaign. there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the...
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for example, on the on the other side, ryan debate against biden, he dance today the questions and never once did he turn to the audience hearing shear more media bias. the audience would have loved it independents would have agree that the media are biased against republicans. >> jon: all those debates, did they illuminate the process the presidential campaign? >> i think they did. first of all they were catnip for reporters. there were thousands of reporters. it was amazing that anything else got covered. when you have that many debates. you got to see these candidates and it was wide range of candidates, really demonstrating a capability or lack of capability on complex issuess. the voters made up their minds. you saw one media promoted figure fall after they couldn't stand the scrutiny that came upon a front-runner. >> jon: obama campaign made clear attempts of trying to demonize mitt romney. they settled on him as eventual challenger. media, as well. there was a newsweek cover poking fun at mitt romney's mormonism for example. >> media is a target rich environment. they are trying d
for example, on the on the other side, ryan debate against biden, he dance today the questions and never once did he turn to the audience hearing shear more media bias. the audience would have loved it independents would have agree that the media are biased against republicans. >> jon: all those debates, did they illuminate the process the presidential campaign? >> i think they did. first of all they were catnip for reporters. there were thousands of reporters. it was amazing that...
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we're expecting vice president joe biden may come up here at some point. senate democrats are telling us they expect that to be the case. there is some evidence of heart burn on the left some democrats who don't love the tax figure where it is set. they were hoping raising taxes on those making $250,000 and couples making more than 2506789 it looks like 450. but a retiring senate republican says it's a compromise. it's probably a fair deal. it's not something any of us would say i love it, i don't love it. but i think it is a good job of negotiating where there are some wins and some laws. >> so bottom line, there is still work ahead here in the senate tonight. if it were to pass at some point later tonight, then the house would take it up tomorrow, trace. >> trace: mike, got to be a number of lawmakers fed up with the whole process. >> that's absolutely right. we heard a number of lawmakers saying it's december 31st, we could have worked this out long ago. here is one house democrats complain speaker, the american people are looking at congress with disda
we're expecting vice president joe biden may come up here at some point. senate democrats are telling us they expect that to be the case. there is some evidence of heart burn on the left some democrats who don't love the tax figure where it is set. they were hoping raising taxes on those making $250,000 and couples making more than 2506789 it looks like 450. but a retiring senate republican says it's a compromise. it's probably a fair deal. it's not something any of us would say i love it, i...
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>> trace, very interesting comments from vice president joe biden up here for an unrelated matter about the fiscal cliff today. he says, essentially he was asked what do you think will pass? he said if you tell me what would attract republican support, i can tell you what would pass. if asked if he was optimistic, he said he was neither optimistic or pessimistic but was going back to talk to the president. the senate majority leader sounded frustrated with house republican leadership. >> american people i don't think understand the house of representatives is operating out the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of the house representatives to get what they want. >> reporter: as you mentioned, trace, the speaker's spokesman said afterward, reid should focus on legislating. he was scheduled for a news conference this afternoon, but that's been scrubbed. >> what about the republican side? any movement there? >> the breaking news of the moment is the house republican leadership is calling members back for sunday e
>> trace, very interesting comments from vice president joe biden up here for an unrelated matter about the fiscal cliff today. he says, essentially he was asked what do you think will pass? he said if you tell me what would attract republican support, i can tell you what would pass. if asked if he was optimistic, he said he was neither optimistic or pessimistic but was going back to talk to the president. the senate majority leader sounded frustrated with house republican leadership....
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struggling and suffering and generational theft is going on what did we see obama is ordering pay raises for biden and members of congress and federal workers and nobody is talking about our healthcare taxes going up, billy cunningham. how in good conscience do they do this at this time? >> sean hannity, the people are taking this in the shorts now are going to be the butchers, the bakers, the candlestickmakers and carpenters and elec electricia. we haven't talked about the huge tax increases on average americans. take billions and ship it off to a black hole in washington and call it a victory. boehner will be elected speaker. the republicans won't be primary #-d. the media will declare obama the winner and the only person getting hurt is the middle class that allegedly obama supports which is a bunch of baloney. that s go is going to happen. >> i will throw this to joe trippi. the people that will really be hurt are the children and grand children that we are stealing from. we are robbing these kids blind. we are taking their inheritance away. and i have a question for you, for joe trippi. why i
struggling and suffering and generational theft is going on what did we see obama is ordering pay raises for biden and members of congress and federal workers and nobody is talking about our healthcare taxes going up, billy cunningham. how in good conscience do they do this at this time? >> sean hannity, the people are taking this in the shorts now are going to be the butchers, the bakers, the candlestickmakers and carpenters and elec electricia. we haven't talked about the huge tax...
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senate majority leader harry reid said we should talk to vice president biden and mitch mcconnell. earlier republicans suggested changing the way inflation is calculated on changes like social security read offered this reaction late in the day. >> i was really grass fied to hear republicans taking command by social security set off the table. this should never have been on the table to begin with. there is still significant difference between the two sides negotiations continue. still time left to reach an agreement. >> meanwhile west virginia democrat joe mansion introduced the calm act trying to soften the blow as the country goes off the fiscal cliff. it would maphase in tax hikes or the years and prioritize spending cuts. he says he's frustrated and tried to do something. >> it was crossing the wires it's more than frustration it sounds like desperation at this point as they are losing hope. the chained cpi the social security adjustment you were talking about basically changes the way they configure the cost of living and would make those benefits smaller checks. does it soun
senate majority leader harry reid said we should talk to vice president biden and mitch mcconnell. earlier republicans suggested changing the way inflation is calculated on changes like social security read offered this reaction late in the day. >> i was really grass fied to hear republicans taking command by social security set off the table. this should never have been on the table to begin with. there is still significant difference between the two sides negotiations continue. still...
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maybe 7:30 where vice president biden will update the caucus on the state of the deal. senate democrats we're told have not signed off on the deal. after the caucus there is an expectation of votes around possibly 10:00 p.m. maybe later. as we get word about the senate action. and knowing about it. but it will be a while. 10:00 p.m. we're going to be back here at 8:00 p.m. you were saying about this deal, we rudely cut you off before. that the entitlement reform is not specific on the republican side. democratic side, frankly there is no spending cuts in this deal. no additional spending cuts. >> there this is the other part of this. obama doesn't -- obama believes in stimulating the economy through spending. he doesn't believe in making all the cuts. so again, like you are asking him to adopt a world view he doesn't have. >> bret: even though he talked about it many times. >> he does talk about it. >> expounding upon it. fixing social security and medicare. >> anybody who reads paul krugman, grand pubah of economics on the left his worry that the deficit will be reduce
maybe 7:30 where vice president biden will update the caucus on the state of the deal. senate democrats we're told have not signed off on the deal. after the caucus there is an expectation of votes around possibly 10:00 p.m. maybe later. as we get word about the senate action. and knowing about it. but it will be a while. 10:00 p.m. we're going to be back here at 8:00 p.m. you were saying about this deal, we rudely cut you off before. that the entitlement reform is not specific on the...
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in previous budget battles, joe biden has been the closer on these deals. his coming back from delaware might be a sign they are moving a little closer. that will be something to watch. the whole thing about changing cpi and reining in cost of entitlements, republicans are judging in on that. take a listen. >> one of proposals we made was something called change cpi but basically makes an adjustment in terms of how inflation is calculated on social security. highly unpopular among democrats not something supported but to strengthen social security in the long time i'm willing to make those decisions. >> reporter: in the morning, the president seemed to be opening the door to rein in those entitlements and then you heard harry reid shut the door on it. the president was talking in the context of reining in entitlements in a four trillion dollar debt deal not in the last minute deal, he would be willing to do that in much broader debt deal. but when you talk to republicans ron johnson from wisconsin, the real problem the president is not willing to rein in sp
in previous budget battles, joe biden has been the closer on these deals. his coming back from delaware might be a sign they are moving a little closer. that will be something to watch. the whole thing about changing cpi and reining in cost of entitlements, republicans are judging in on that. take a listen. >> one of proposals we made was something called change cpi but basically makes an adjustment in terms of how inflation is calculated on social security. highly unpopular among...
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has been moved into the number two spot and that's ironic 'cause biden's secret service name is the unmanned drone if i'm not mistaken, number one continued to be hot blooded by foreigner, four weeks in a row at the top of the charts. ♪ i'm hot blooded check it and see ♪ u. >> bill: celebrities couples, forbes magazine making a lot of money together, all right? number one, beyonce and jay-z apparently make 78 million dollars in a year ending may, 2012. and you, do you believe that, first of all? 78 million, these two? >> well, probably, i'm sure, billy. i don't know much about him. to me, they might as well call him jay-z zz because it's a bit after snooze. and they say he's a genius and alicia keyes and he starts talking. . [rappi [rapping] >> if he's making 78 million off of that, he is a freakin' genius. two spot, tom brady, a complete mench and next to my wife, the hottest woman. gisele. and 72 million. >> most of that's got to come from her. i think that brady for 15 or 16 with the patriots. so, she's a big breadwinner there and victoria and david beckham. >> well, this one
has been moved into the number two spot and that's ironic 'cause biden's secret service name is the unmanned drone if i'm not mistaken, number one continued to be hot blooded by foreigner, four weeks in a row at the top of the charts. ♪ i'm hot blooded check it and see ♪ u. >> bill: celebrities couples, forbes magazine making a lot of money together, all right? number one, beyonce and jay-z apparently make 78 million dollars in a year ending may, 2012. and you, do you believe that,...
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. >> asked if he was going over the cliff, biden joked cliff? what cliff? this has been operated with a dictatorship of the speaker. not allowing the vast majority of the representatives to get what they want. they want them to return in case a deal is in the final hours. today, the u.s. is heading over the cliff. >> what goes away next week is the bush tax cut that they loathed since they went in place a secon decade ago. don't assume the president wants to cut a deal. he wants to see if he'll be blamed for it before they negotiate. they talk about the meeting tomorrow with the president and key congressional leaders. >> thank you. if the fiscal cliff can be avoided there is another gigantic hurdle awaiting the lawmakers. >> they will hit the credit limit of $16.4 trillion on december 31. the nation thereafter can't pay the bills unless congress raises the limit. >> with a new congress in january we need to revisit an finally give ourselves the determination to solve not only our short-term debt but the long-term debt. >> they raised the debt limit 11 time
. >> asked if he was going over the cliff, biden joked cliff? what cliff? this has been operated with a dictatorship of the speaker. not allowing the vast majority of the representatives to get what they want. they want them to return in case a deal is in the final hours. today, the u.s. is heading over the cliff. >> what goes away next week is the bush tax cut that they loathed since they went in place a secon decade ago. don't assume the president wants to cut a deal. he wants to...